Cash 20,000, bank 1,00,000, 2-month bills 50,000, shares 80,000. Cash and equivalents?
ARs 2,50,000
BRs 1,20,000
CRs 2,00,000
DRs 1,70,000
Answer & Solution
Correct answer: D. Rs 1,70,000
Cash, bank balance and short-maturity bills total 20000 + 100000 + 50000 = 170000; equity shares are excluded.
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